SOLD - Springfield (Brisbane) - Newly Built Hungry Jack’s Asset - A Classic Passive Investment

Cushman & Wakefield is pleased to present to the market 15 Commercial Drive, Springfield (Brisbane) for Sale via Auction.

The property has the following key characteristics:

• 12 year lease to 2031 + options to 2051
• Hungry Jacks - Fast food retail giant serving 1.7 million Australians each week across 420+ outlets
• Prime location fronting Springfield Parkway opposite Coles, neighbouring United Petroleum & closeby to McDonald’s, KFC & 7-Eleven
• Well configured site boasting dual street access & twin drive thru lanes plus 32 onsite car parks
• Newly built for Hungry Jack’s in 2019 offering substantial depreciation benefits
• Significant 300 sqm* freestanding building adhering to Hungry Jack’s latest store fitout
• Springfield - One of Australia’s largest & most awarded master planned city’s, 28 km from Brisbane CBD
• Rapidly expanding Greater Springfield - Population set to double by 2036 to 118,000+ residents
• Tenant pays outgoings as per Lease
• Fixed 3.5% annual rent increases
• Net Income $203,550 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 10 December at 1pm AEDT at Doltone House Hyde Park, located on 3/181 Elizabeth Street, Sydney NSW.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.